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Does business school rank affect starting salary?

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Intern
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Joined: 27 Jul 2013
Posts: 10
Location: Guam
Concentration: Technology, Operations
Schools: Madison '17
GPA: 3.6
WE: Military Officer (Telecommunications)
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Kudos [?]: 6 [0], given: 2

Does business school rank affect starting salary? [#permalink] New post 01 Aug 2013, 23:11
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Last edited by usnapacker10 on 07 Mar 2014, 23:36, edited 1 time in total.
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MBA Prep School President & Co-Founder
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Joined: 14 Oct 2010
Posts: 28
Location: United States (CA)
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Re: Does business school rank affect starting salary? [#permalink] New post 04 Aug 2013, 21:02
Expert's post
@usnapacker10 -- do you want to work in IT Consulting post-MBA? If yes, then I'd suggest you might not need a "Top 5" MBA and the debt that comes along with it. Obviously I don't know anything about your background/profile, however the elite schools tend to admit students on a different life/career path than a Top 25-30 school ... and quite different firms tend to recruit from Top 5 schools versus Top 25-30 schools.

With that all said, to answer your question directly, it's unlikely that all would be equal -- meaning that the companies who hire from a Top 5 school most likely will not hire from a Top 25-30 school (and vice-versa).

The differences in salaries that you're noticing are not just cost-of-living differences, they are different firms paying different salaries to attract the types of future employees they need to succeed in the different markets they are serving.

One way to specifically test this for yourself is to contact a few of the firms you're interested in working for and asking their recruiting team which school(s) they recruit and hire from.

Hope that helps a bit!

Which ever way you decide to go, best wishes for success with your MBA and career.

Cheers, Chris
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Chris Aitken
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Last edited by MBAPrepSchoolChris on 05 Aug 2013, 06:53, edited 1 time in total.
Intern
Intern
avatar
Joined: 27 Jul 2013
Posts: 10
Location: Guam
Concentration: Technology, Operations
Schools: Madison '17
GPA: 3.6
WE: Military Officer (Telecommunications)
Followers: 0

Kudos [?]: 6 [0], given: 2

Re: Does business school rank affect starting salary? [#permalink] New post 04 Aug 2013, 21:39
.

Last edited by usnapacker10 on 07 Mar 2014, 23:36, edited 1 time in total.
Expert Post
MBA Prep School President & Co-Founder
User avatar
Joined: 14 Oct 2010
Posts: 28
Location: United States (CA)
Followers: 0

Kudos [?]: 7 [0], given: 1

Re: Does business school rank affect starting salary? [#permalink] New post 05 Aug 2013, 07:04
Expert's post
Hi Tim -- I'll directly answer your question but then also comment on other factors related to your specific profile that you might want to consider.

In the scenario you outlined, where the candidates from both schools were qualified and likely to succeed in the role, then generally the salaries won't be significantly different just because one candidate went to a "Top 5" school. The competitive difference is in normally the act of getting hired in the first place. If the company wants *you* over the other candidate, then in many cases it won't make much difference where you went to school (esp. for IT consultancy or project management type roles).

However I qualify my answer with the reality that the answer varies by industry and from hiring company to hiring company. In industries where competition for candidates is fierce and the potential hiring company isn't as likely to "win" a Top 5 school candidate, then "yes" they might decide to offer that candidate a higher salary to try and win them over. I've seen this happen where companies feel like they're hiring against companies far more desirable than they are.

Now onto my unsolicited comments about your background/profile. The Top 5 schools are attracted to military profiles in general, and officer profiles especially, because of the "real world" leadership challenges you've already faced and leadership skills you've developed. Also your background brings a very different set of life experiences and "voice" into the classroom, which many of the top schools are looking for.

So I'd suggest you want to think long and hard about what you really want to do with your life and career and if/how an MBA can help you get there. Part of the "secret" to getting into a top school is having a clear sense of your career goals, a deep understanding of what knowledge/skill/experience gaps you're trying to close (by attending school), and how that specific school is best positioned to help you succeed.

Please PM me if you'd like to explore this privately in a one-on-one conversation -- more here to discuss than I can effectively convey in a discussion board response.

Let me know if you have other questions!

Cheers, Chris
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If you find my response/post useful then please give it kudos!

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Chris Aitken
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MBA Prep School
San Francisco, CA

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Re: Does business school rank affect starting salary?   [#permalink] 05 Aug 2013, 07:04
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